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Marine Fuels 360: AI, e-BDN, bunker sourcing platforms to support shipping’s digital future

Ofiniti, Ocean Network Express, and AuctionConnect representatives share their views at the Marine Fuels 360 conference in Singapore.

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Marine Fuels 360: AI, e-BDN, bunker sourcing platforms to support shipping’s digital future

Digitalisation, supported by developments in artificial intelligence (AI), electronic bunker delivery note (e-BDN) and online bunker fuel procurement platforms, will have an increased role to play within the shipping industry’s future, panellists told delegates attending the Marine Fuels 360 conference in Singapore on Tuesday (7 October).

Tue Nielsen, Chief Executive Officer of Ofiniti, a provider of digital solutions for maritime bunker operations, was moderating the session ‘e-BDN’ comprising of a shipowner and online bunker procurement platform when the following observations were recorded.

Tue Nielsen, Chief Executive Officer, Ofiniti

“We all love to talk about AI, automation, and digital workflows. But in bunkering we’re often skipping step one: digitalising documentation. E-BDN isn’t just about replacing a piece of paper; it’s about trust – in data, in operations, and in the entire supply chain,” stated Nielsen.

“At Ofiniti, we live by a motto called HAO (好), which stands for Humble, Ambitious, Obsessed. We aim to be humble by acknowledging the need for improvement, be ambitious by going beyond mere compliance, and be obsessed with details to ensure we are doing things right.”

Nielsen pointed Singapore has taken a bold lead globally by making e-BDN mandatory and implementation at this scale means dealing with new workflows, training, and alignment across stakeholders.

However, e-BDN is more than a compliance checkbox. He expects bunker procurement to be more complex in shipping’s multi-fuel future when greener marine fuels such as liquefied natural gas, methanol and ammonia are included in the mix.

Further, Nielsen shared the maritime sector cannot expect AI to solve what has not been digitalised.

“E-BDN is step one and the foundation for what follows.”

Following the principles of HAO (好), he urged the bunkering and shipping sectors to be:

  • Humble enough to fix what’s broken,
  • Ambitious enough to go beyond compliance, and
  • Obsessed enough to get it right for everyone -from bridge to barge.

Richard Ho, General Manager, Fuel Department, Ocean Network Express (ONE)

Ho noted the Maritime and Port Authority of Singapore (MPA)’s mandate to implement electronic bunker delivery note (e-BDN) operations from 1 April 2025 has created a reliable foundation for ONE’s digitalisation strategy.

“Before the e-BDN mandatory implementation, many trials were conducted. The entire bunkering and documentation process had to be unlearned and relearned, which was the biggest challenge,” he shared.

“Today, the vessel crews are very happy with the new system, and they have shared positive experiences and feedback. If this e-BDN is adopted globally, it would be very beneficial.

“The transition from traditional documentation to more reliable digital methods has been crucial. Previously, manual data entry was prone to errors, but now, with improved documentation, these issues are resolved. This shift has enabled ONE to now explore AI and that has reshaped our digitalisation strategy.”

Marine Fuels 360: AI, e-BDN, bunker sourcing platforms to support shipping’s digital future

Kenneth Juhls, Chief Executive Officer, AuctionConnect

Similarly, Juhls believed e-BDN to be an important factor for helping the shipping industry digitise.

“The e-BDN is crucial for digitalising the complex, multi-fuel delivery process. We are now capturing a lot of data that is valuable to both bunker suppliers and buyers,” he noted.

“For bunker buyers, the operational aspect is one of the most important things; they need assurance that the right marine fuel will be delivered accurately and on time. They are willing to pay a premium for the value-add from the bunker supplier.

“We believe in servicing that data to build a positive feedback loop. While relationships will continue to drive this industry, you need a strong co-pilot like software to help navigate it.”

Moving forward, Juhls stated the biggest challenge for online marine fuel procurement platforms such as AuctionConnect is creating trust and transparency.

“Bunker suppliers are often hesitant to share their prices on a platform, preferring traditional methods like WhatsApp. However, I cannot imagine that in 10 years, the shipping industry will still be using WhatsApp to trade oil worth $200 billion a year. Something must change,” he highlighted.

“This doesn’t mean relationships won’t matter; it just means there will be an alternative, smarter way to trade, like other mature commodity markets. My most exciting challenge is to figure out how to collaborate to solve real-world problems while allowing everyone to defend their margins and win business, just in a smarter way.”

Related: Singapore set to become first port in the world to debut electronic bunker delivery notes

 

Photo credit: Informa
Published: 13 October 2025

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Events

London forum to address critical bottlenecks holding back maritime decarbonisation

Marine Energy Transition Forum 2026 will be held on 11 November to address bunker fuel, technology and infrastructure barriers that continue to slow the industry’s transition to net-zero emissions.

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London forum to address critical bottlenecks holding back maritime decarbonisation

The Marine Energy Transition Forum (METF) 2026 will bring together leading voices from across the global maritime sector on 11 November 2026 at Norton Rose Fulbright, London.

The forum will tackle one of shipping’s most pressing challenges: how to overcome the fuel, technology and infrastructure barriers that continue to slow the industry’s transition to net-zero emissions.

Under the theme “Reframing the maritime decarbonisation roadmap: addressing fuel, technology and infrastructure bottlenecks,” the one-day forum will provide a platform for shipowners, fuel suppliers, technology developers, ports, policymakers and financiers to examine the practical steps needed to accelerate progress while maintaining commercial competitiveness.

As the maritime industry navigates an increasingly complex regulatory and commercial landscape, METF 2026 will focus on delivering practical insight into the challenges—and opportunities—shaping the next phase of the energy transition.

The conference programme will explore five key themes:

  • The effectiveness of current regulatory frameworks and policy measures, including regional and international initiatives driving maritime decarbonisation.
  • Progress in developing a resilient multi-fuel future, examining investment, fuel availability, supply chains and infrastructure.
  • The commercial readiness of emerging technologies, including alternative propulsion systems, vessel optimisation, batteries, carbon capture, wind propulsion and digital solutions.
  • Building a supportive business environment for energy transition companies, with discussions covering finance, innovation, scaling businesses and market development.
  • The evolving role of ports as critical enablers of shipping’s energy transition through new fuel infrastructure, shore power and energy cluster development.

METF 2026 is designed to encourage open discussion between every part of the maritime value chain, recognising that collaboration across fuel producers, shipowners, ports, technology providers, investors and policymakers will be essential if global decarbonisation ambitions are to be achieved.

The event will feature expert speakers, panel discussions and extensive networking opportunities, enabling delegates to exchange ideas, develop partnerships and gain practical insight into the strategies shaping the future of maritime energy.

Registration for METF 2026 is now open. Further information and registration can be found here

 

Photo credit: ship.energy
Published: 13 August, 2026

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LNG Bunkering

EXMAR to convert LNG carrier into floating transshipment unit for bunkering

Vessel will soon undergo a dry-dock including modifications to make the vessel suitable as a floating transshipment unit, dedicated to the LNG bunkering market.

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EXMAR to convert LNG carrier into floating transshipment unit for bunkering

Ship owner EXMAR on Thursday (6 August) announced that it has taken delivery of the 146,000 m³ LNG Carrier SIMAISMA

The vessel is secured under an initial seven-year charter contract with a “first-class counterpart”. 

“The vessel will soon undergo a dry-dock including modifications to make the vessel suitable as a floating transshipment unit (FTU), dedicated to the LNG bunkering market,” it said in a statement. 

The FTU will receive large parcels of LNG from trading LNG carriers and specialised LNG bunkering vessels will load at the FTU before supplying it as a fuel to vessels that use this LNG as a bunker fuel.

EXMAR’s CEO, Carl-Antoine Saverys, said: “EXMAR is gladly assisting its client in further paving the way to unlock LNG as a fuel for the shipping industry. 

“The FTU is a smart solution with which our client brings down the costs of the logistics relating to the LNG bunkering. 

“With this solution, we are building upon EXMAR’s close to 50 years of LNG experience. We look forward to deploying more of these assets to unlock the full potential of LNG as a fuel for the maritime industry.”

 

Photo credit: EXMAR
Published: 7 August, 2026

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FuelEU

Skuld on FuelEU Maritime: Early lessons from first year of compliance

Joe Bettles of Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping discusses the first FuelEU Maritime compliance results and what they indicate for the shipping industry.

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RESIZED Chris Pagan

With the first FuelEU Maritime compliance data emerging after the inaugural year of greenhouse gas (GHG) intensity reporting for ships trading in the EU, marine insurer Skuld spoke with Joe Bettles, Climate Policy Manager and author of the Countdown newsletter at the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, to examine what the early results reveal: 

The first data on FuelEU Maritime compliance is now emerging, following the first year of reporting against greenhouse gas (GHG) intensity targets for shipping companies trading in the EU.

To better understand what the early results show, we spoke with Joe Bettles, Climate Policy Manager and author of the Countdown newsletter at the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (Center). The Center recently published its analysis of the first reporting year in the article “What did we learn from the first year of FuelEU?”

Under the regulation, shipowners have several options for compliance, including:

  • The pooling mechanism, which allows vessels with a compliance surplus to trade it with other vessels.
  • The borrowing mechanism, which allows companies to defer a compliance deficit to the following year for a 10% surcharge.
  • Meet the target by using low GHG intensity fuels.
  • Pay the FuelEU penalty (penalty).

Pooling becomes the preferred option

The first year of reporting indicates that pooling has quickly become the preferred choice. According to data from the European Commission, 92% of vessels used the pooling mechanism, while only 2% used borrowing. The remaining vessels either paid the penalty or met the target by using LNG or other low-GHG energy sources.

Commenting on the findings, Joe Bettles says: “Our insights from the first year of reporting indicate that shipping companies were able to comply with the targets, with most using the pooling mechanism. This shows that FuelEU is working as intended. As we approach the IMO’s upcoming discussion on the Net-Zero Framework (NZF), FuelEU demonstrates that it is possible for the global fleet to comply with a GHG intensity regulation using existing fuels and providing incentives for the uptake of cleaner energy sources.”

A developing market for compliance surplus

The Center’s article also reviews the different pooling platforms available to shipping companies seeking to meet their obligations under the regulation. The price of compliance surplus, averaging around EUR 208/tCO₂eq, remained relatively stable, suggesting that the market matured early, with buyers generally able to find sellers.

On the development of the pooling market, Joe notes: “The prices for trading compliance surpluses remained well below the EUR 640/tCO₂eq penalty for VLSFO, making the pooling mechanism significantly more attractive than paying the penalty.”

Fuel choices remain central to compliance

The role of fuel choice is also important. Looking at fuels supplied to the FuelEU market, the Center estimates that 3.22 million tCO₂eq of reductions, relative to an all-VLSFO fleet, will be required to meet the 2% reduction target between 2025 and 2029. Based on analysis of previous years’ fuel consumption, the Center indicates that LNG may have contributed around one-third of the required reduction. Biofuel blends account for the remainder, with biodiesel and bio-LNG dominating the low-GHG fuel mix.

Joe highlights how the pooling mechanism can help extend the impact of lower-GHG fuels across the fleet: “Although LNG is not a drop-in replacement for VLSFO, the pooling mechanism under FuelEU allows an LNG-fuelled vessel to share its over-compliance with other vessels that cannot physically use LNG. Depending on the engine type in the ship, LNG can remain compliant with the 14.5% reduction target through 2039 and can further extend its compliance through banked surplus or by using liquified biomethane.”

Three early lessons from FuelEU Maritime

Drawing on the first year of reporting, Joe Bettles and the Center identify three lessons that may also be relevant for the IMO in the future.

First, the results indicate that a fuel standard for shipping can work. FuelEU’s first year has created incentives for the use of alternative fuels and a market for those who prefer to pay for emissions compliance.

Second, regulations should include mechanisms that support a broader mix of energy sources. Lower-maturity alternatives, such as wind-assisted propulsion, e-fuels and onshore power, still represented a limited share of the mix.

Third, policy stability and clear reduction pathways can help reduce uncertainty for shipping companies and support the business case for investment in cleaner alternatives.

Supporting knowledge sharing across the maritime value chain

Skuld is a Mission Ambassador to the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, supporting its work as a platform for collaboration, knowledge sharing and practical insight across the maritime value chain.

“The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping is a highly valuable forum for us at Skuld. It provides access to a broad network of industry stakeholders and helps us stay close to the challenges shipowners face in meeting regulatory requirements and reducing emissions. Just as importantly, it serves as a platform for dialogue and knowledge sharing across the maritime value chain” – Matias Bøe Olsen, Decarbonisation and transition risk lead, Skuld.

Note: Read the full article on FuelEU’s first-year experiences here.

 

Photo credit: Chris Pagan on Unsplash
Published: 7 August, 2026

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